Apollo Tyres Ltd reported consolidated revenue of Rs 7,968 crores for the quarter ended September 30, 2026, up 17% from Rs 6,831 crores in the same period of the previous fiscal year. The board approved the unaudited results for the second quarter and first half of fiscal 2026–27.
For the six months from April to September, consolidated revenue rose 15% to Rs 15,366 crores from Rs 13,392 crores a year earlier. The company said its Indian operations carried strong revenue growth momentum into the second quarter, reflecting the effectiveness of its growth initiatives.
On a reported basis, second-quarter consolidated revenue increased by Rs 1,137 crores from a year earlier, while first-half revenue increased by Rs 1,974 crores.
Profit and restructuring charge
Second-quarter operating profit was Rs 855 crores. Net profit increased 13% to Rs 292 crores from Rs 258 crores, including an estimated pre-tax restructuring cost of Rs 26 crores that was disclosed as an exceptional item. For the first half, operating profit was Rs 1,723 crores and net profit was Rs 641 crores, compared with Rs 271 crores a year earlier. The half-year result also included the estimated Rs 26 crores pre-tax restructuring cost.
India demand and cost pressures
Chairman Onkar Kanwar attributed growth across categories in India to sustained rural expansion and a strategic association with cricket. He said new product launches in the commercial vehicle segment in India had strengthened performance in the past quarter. Kanwar also said geopolitical tensions in West Asia remained a headwind, causing elevated input costs and supply chain disruptions.
The company's Indian Operations were singled out in the results announcement for carrying strong revenue growth momentum into the second quarter. Apollo said this reflected the effectiveness of its growth initiatives, while the consolidated figures covered the group as a whole.
CFO appointment
The board also approved the appointment of Ravi Kumar Shingari as chief financial officer, effective November 4, 2026. Shingari joined Apollo Tyres in 2018 as group head of finance and has held responsibilities in budgeting, accounts and investor relations; more recently, he took on additional responsibility for legal affairs. Before joining Apollo, he spent more than 16 years at KPMG, where his last role was partner, tax and regulatory. He is a chartered accountant and holds a bachelor’s degree in commerce from Shri Ram College of Commerce, Delhi University.
In the CFO role, Shingari will report directly to Neeraj Kanwar, vice chairman and managing director.